"Proposed Conn. 19% Hedge Fund Tax Could Drive Out Ultra-Wealthy"

“Although New York City is perhaps better known as a financial hub, the nearby state of Connecticut is home to a number of prominent hedge funds...... “prominent managers like Edward Lampert of ESL Investments and Paul Tudor Jones of Tudor Investment Corp. have moved their operations out of Connecticut and to the state of Florida for tax purposes.:

“Now, some of Connecticut's elected officials have stated their opposition to a proposal to increase tax levels on Connecticut-based hedge funds,”